A form of implicit collusion where one firm in an oligopoly announces a price change which is matched by other firms in the same industry is
A) "tit-for-tat" pricing. B) "follow the leader" pricing.
C) retaliation pricing. D) price leadership.
D
Economics
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The table above gives the production and prices for a small nation that produces only bread and soda. The base year is 2009. What is nominal GDP in 2009?
A) $410 B) $450 C) $900 D) $550 E) $460
Economics
Over the most recent movement from cyclical peak to trough 2001: Q1 to 2001: Q4, gross private domestic investment ________ approximately ________ percent
A) rose; 61 B) fell; 7 C) rose; 21 D) fell; 11
Economics